The fortnight’s burning question - Are SEBI’S new guidelines on insider trading good enough to stop this practice?
Yes. Amitabh Chakraborty, President (Equity), Religare Securities
Company officials are insiders and have lots of information about the company that is price sensitive and, therefore, lend itself to misuse. In the light of this, the SEBI initiative to curb insider trading on the Indian stock exchanges is a step in the right direction and will curb this practice.
Maybe. Alok Vajpeyi, VC & MD, Dawnay Day AV Financial Services
It’s too early to say whether SEBI’s new norms to stop insider trading will succeed or not. However, having said that, let me add that insider trading is a disgraceful thing that is rampant in the securities market. Therefore, any law that helps prevent it is good.
Yes. Nilesh Shah, MD & CEO, Envision Capital
It’s a positive starting point, as the idea is to ensure that people with larger chunk of stakes and access to price sensitive information should be held responsible for any wrong act. However, once the act is implemented, it should be expanded to cover a larger section of people.
— Compiled by Mahesh Nayak